The EURUSD did a big lap in trading yesterday with the price moving sharply higher and then sharply lower. The low yesterday bottomed right at support against the 100 bar MA on the 4 hour chart at 1.1239. The area also corresponded with swing lows from August (between 1.1239-45).Today the price has broken below the area as traders push the dollar higher (the EURUSD lower). Contributing to the bearishness technically, is the fact that earlier today, the 50% of the move down yesterday held resistance....
Today's Euro to Dollar Exchange Rate Forecast and Forex PredictionsThe Euro to Dollar exchange rate today: 1 EUR = 1.11548 USD. The Euro to Pound exchange rate today: 1 EUR = 0.83881 GBP. The US Dollar to Euro rate today: 0.89648The expectations of any rate hike by the US Fed in September is more or less out of the window following the August jobs report.Similarly, the market believes that the European Central Bank will also refrain from any fresh policy measures in their...
The dollar has took a turn to the upside. EURUSDThe EURUSD found support against the 200 hour MA and 100 day MA at the 1.1213-19. The buyers turned to sellers in the last minutes pushing the price down to the lows for the day and near the 100 hour MA at 1.11659. The 200 bar MA on the 4-hour chart and 50% of the post Brexit is at 1.1158. Key area too.GBPUSD The GBPUSD fell back below the broken trend line at 1.3328 and stops were triggered..USDJPY The USDJPY moved above the 104.00...
- U.S. ISM Manufacturing to Narrow for Second Consecutive Month in August.- Employment Component has Contracted (Below 50.0) on Six Occasions in 2016.10:00 USDISM Manufacturing PMI (Aug) 49.4 52.0 52.6 Why Is This Event Important:Even though Fed officials have shown a greater willingness to implement higher borrowing-costs following the Economic Symposium in Jackson Hole, Wyoming, the central bank may retain the current policy at the next...
Despite the greenback trades generally lower across the board, the EUR/USD pair trades at fresh weekly lows, having so far fell to 1.1256. There was no clear trigger before the slide, but the inability of the pair of extending gains beyond the 1.1300 level, and strong Pound's demand that sent the EUR/GBP nose-diving after the London's opening. Germany released the last revision of its Q2 GDP, matching expectations, and therefore doing little for the common currency. The US released the...
The euro trimmed gains against the U.S. dollar on Tuesday, after the release of mixed manufacturing and service sector activity data from the euro zone, although sentiment on the greenback remained fragile ahead of Friday’s speech by Federal Reserve Chair Janet Yellen.EUR/USD pulled back from 1.1355, the session high, to hit 1.1334 during European morning trade, still up 0.12%.The pair was likely to find support at 1.1268, Monday’s low and resistance at 1.1367, the high of August 18 and...
The EURUSD had a bullish momentum yesterday topped at 1.1366. The bias remains bullish in nearest term testing 1.1400 – 1.1450 area as a part of the bullish scenario after broke above the trend line resistance as you can see on my daily chart below. Immediate support is seen around 1.1300. A clear break below that area could lead price to neutral zone in nearest term testing 1.1250 area. On the upside, a clear break and daily/weekly close above 1.1400 – 1.1450 would expose 1.1615 region next...
- Daily Technical Analysis
- Economic Indicators
- Forex and Currency Trading FAQs
- Forex Basics
- Forex Broker Review
- Learn Forex Trading
- Market Analysis and Forecasting
- Market information sheets
- Planning and Research
- Risk & Money Management
- Stock Market and Investing
- Technical Analysis: Chart Patterns
- Tips and Tricks
- Trade Management
- Trading Basics
- Trading Idea
- Trading Psychology
- Trading strategy
- Trading Tools & Resources
- Weekly Technical Analysis